New South Wales Consolidated Acts

AUSTRALIAN MUTUAL PROVIDENT SOCIETY ACT 1988 - SECT 2

2 Commencement

(1) Sections 1 and 2 commence on the date of assent to this Act.

(2) Except as provided by subsection (1), this Act commences on a day or days to be appointed by proclamation.

(3) A proclamation shall not be made under this section unless:

(a) AMP has lodged with the Corporate Affairs Commission proposed by-laws that have been approved by the Minister, and

(b) the Corporate Affairs Commission has issued a certificate stating that the proposed by-laws have been lodged with it.

(4) Subject to section 11 (2) of the Australian Mutual Provident Society (Demutualisation and Reconstruction) Act 1997 , AMP’s proposed by-laws shall be divided into:

(a) Part 1 which contains only matter of a type appropriate for inclusion in a memorandum of association, and

(b) Part 2 which contains only matter of a type appropriate for inclusion in articles of association.

(5) The Corporate Affairs Commission is required to accept the proposed by-laws lodged in accordance with this section and to issue a certificate for the purposes of this section.